Strategy stop-loss

• 06/14/2016 at 2:34 PM #9387
  merc1203

  It appears that the code below only checks the strategy p&l once the current trade is stopped-out?

  Is that right?

  Very often, the marked-to-market p&l is less than the “stopout” level but the algo carries on trading until the current position is exited. It seems to be only then that it checks the strategy p&l. I would like it to check the p&l after every change in price and stop trading immediately the “stopout” level is hit. How is this written?

   

  Many thanks

   

  if StrategyProfit <= StopOut then
  QUIT
  endif

   

   

  

  merc1203

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  06/14/2016 at 2:38 PM #9388
  Nicolas

  That’s right, STRATEGYPROFIT is updated with closed trades.

  You can use POSITIONPERF to know actual positions PnL.

  

  Nicolas

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  06/14/2016 at 3:12 PM #9392
  merc1203

  So,

  strategyprofit + p&l from open positions = realtime p&l

  It seems POSITIONPERF is a ratio.

   

  What is the simplest way to convert this into a currency amount for an open position … positionperf*positionprice?

  Thanks

  

  merc1203

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  06/14/2016 at 3:19 PM #9393
  Nicolas

  You can compute the floating profit with this function:

  //floating profit floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize //actual trade gains

  1 2	//floating profit floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize //actual trade gains

  and add it to STRATEGYPROFIT to get the whole account profit (closed trades + not closed ones).

   

  

  Nicolas

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  06/14/2016 at 3:37 PM #9394
  merc1203

  Great – thank you Nicolas

  

  merc1203

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